Altcoins News

Story: Binance Hints at Listing HYPE as Trader Criticizes Hyperliquid

By MikeT

1 / 15

Binance.US is once again drawing attention to Hyperliquid, one of the rising decentralized exchanges (DEXs), by suggesting the possibility of listing its native token, HYPE.

2 / 15

Hyperliquid has become increasingly popular for offering fast and scalable perpetual futures and spot trading through its own Layer 1 blockchain.

3 / 15

The ongoing attention from Binance.US adds momentum to speculation that a listing for HYPE may be on the horizon.

4 / 15

Hyperliquid’s growth has been notable, with its decentralized nature attracting retail and institutional traders alike.

5 / 15

James Wynn Slams Hyperliquid’s Referral Program

6 / 15

Despite being one of the traders who helped bring visibility to Hyperliquid, crypto investor James Wynn recently expressed dissatisfaction with the platform.

7 / 15

“I made only $34,000 through their referral program, which is disappointing considering how many people I brought to the platform,” Wynn stated.

8 / 15

Wynn claimed that he approached Hyperliquid with a partnership proposal, but due to its decentralized structure, he didn’t receive a response.

9 / 15

James Wynn took his criticism a step further by encouraging Binance founder Changpeng Zhao (CZ) to build a new type of decentralized exchange—specifically, a "dark pool" DEX.

10 / 15

“CZ has the money, network, and team to build something unique,” Wynn said. “He’s already done it with Binance. Now is the time to create a better decentralized alternative.”

11 / 15

The idea of a dark pool DEX gained attention last week when CZ himself mentioned the concept in response to growing complaints from traders about transparency issues in perpetual…

12 / 15

A dark pool model could help address such concerns by hiding sensitive order book information, reducing the chances of front-running and MEV (maximal extractable value) attacks.

13 / 15

Despite its recent growth, Hyperliquid now finds itself in a complicated position. While its user base is expanding and its ecosystem is showing strong numbers, some of the…

14 / 15

Whether Binance will move forward with listing HYPE or developing a dark pool DEX remains unclear.

15 / 15

For now, Hyperliquid continues to operate as one of the fastest-growing DEXs in the market. Still, the ongoing debate—between its expanding popularity and criticism from key…

The Currency Analytics

Want the full story?